VALLEY LODGE, BUNKERS HILL, ERMINGTON, IVYBRIDGE, PL21 9NP - £432,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

VALLEY LODGE is a large extended detached house of 142m², built sometime between 1930 and 1949, which could now be worth an estimated £483,788. It was last sold for £432,500 in December 2020, which was around 17% below the average December 2020 detached price in the South Hams local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

VALLEY LODGE Sold Prices

Land registry data shows two sales for VALLEY LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two VALLEY LODGE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 18 DEC	£432,500	£521,851	17% below HPI
2008 5 SEP	£295,000	£374,048	21% below HPI

VALLEY LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two VALLEY LODGE sales from September 2008 and December 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2008 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2020 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might VALLEY LODGE be worth now?

VALLEY LODGE might now be worth an estimated £483,788.

This is based on house price inflation of 11.9%, between December 2020 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.9% inflationary increase is applied to the most recent sale price for VALLEY LODGE of £432,500 on 18th December 2020. For the value to have increased from £432,500 to £483,788 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of VALLEY LODGE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The December 2020 sale price of £432,500 represented a fair market value for the property.
• The size, condition, and specification of VALLEY LODGE has not materially changed since December 2020.

How Large is VALLEY LODGE?

VALLEY LODGE is 142m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 30% of detached houses houses in Ermington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ermington, and where VALLEY LODGE lies on this distribution: 76% of detached houses houses are smaller than VALLEY LODGE, and 24% of houses are larger. Note that EPC data is not available for all properties in Ermington.

VALLEY LODGE: Plot and Title Map

VALLEY LODGE sits on a plot of roughly 0.125 of an acre, or 504m². The below map shows the location of VALLEY LODGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of VALLEY LODGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is VALLEY LODGE?

VALLEY LODGE is located on BUNKERS HILL in ERMINGTON, in the PL21 postcode district. The below map shows the position of VALLEY LODGE on BUNKERS HILL.